👀 Crypto.com 🇸🇬 teams up with Mastercard to revolutionize payments in the Gulf region

👀 Crypto.com 🇸🇬 teams up with Mastercard to revolutionize payments in the Gulf region

The Singapore-based platform has secured a Mastercard license and is set to launch its own crypto card in Bahrain 🇧🇭.

➡️ Users can reload their cards easily through the Crypto.com app, using e-wallets or third-party credit and debit cards.

➡️ The card will be available in 5 versions, including the exclusive Black Obsidian, offering rewards of up to 8% in USD on purchases.

➡️ After its launch in Bahrain, expansion will continue to UAE 🇦🇪, Kuwait 🇰🇼, Qatar 🇶🇦, and Oman 🇴🇲.

This is an ambitious project, particularly in a region where Islamic banking is still debating whether cryptocurrencies are "haram" or "halal". Additionally, geopolitical instability could pose challenges, and some players prefer to steer clear of operating in these zones.

#news #MiddleEast #crypto #Asia

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